Blue Foundry Bancorp (BLFY) IPO Opens 30% Higher

Today's IPO for Blue Foundry Bancorp (NASDAQ: BLFY) opened for trading at $13 after pricing 27,772,500 shares of common stock at a price of $10.00 per share.

Keefe, Bruyette & Woods, Inc. acted as marketing agent for the Company in connection with the stock offering.

Blue Foundry Bancorp will be the stock holding company for Blue Foundry Bank upon the completion of the conversion and stock offering. Rutherford-based Blue Foundry Bank has nearly $2 billion in assets and operates 16 branches in Bergen, Morris, Essex and Passaic Counties, New Jersey. For over 80 years, Blue Foundry Bank has served the local communities where it operates and has deep and longstanding relationships with its business and retail customers as well as local municipalities.

You May Also Be Interested In

• CopperTech Metals launches IPO roadshow on NYSE at $16-$18 per share
• Kardigan raises $460M in IPO on Nasdaq
• EG Group Is Said To Confidentially File For $1 Billion UU IPO - Bloomberg